SEC’s Wesley Bricker sees management accountants as ‘expert historians,’ weighs in on revamped PCAOB

Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting.


U.K. companies said to face pre-Brexit tax bombshell from EU

The European Union is on course to hand dozens of U.K.-based companies a pre-Brexit tax bombshell, according to people familiar with a state-aid probe that could lead to bills exceeding 1 billion pounds ($1.3 billion.)


House GOP unveils budget to fast-track tax cuts, end Obamacare

House Republicans unveiled a 2019 budget proposal Tuesday to send a message to their core supporters that repealing Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda.


In the blogs: Good, bad and ugly

Too many credits; marriage, investing and taxes; South Carolina and Amazon; and other highlights from our favorite tax bloggers.


Big Four under attack as timid accounting regulator gets tough

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.


Is it time to take a hard look at your partners and compensation model?

What happens when your firm isn’t clicking on all cylinders?


Tax Fraud Blotter: T time

Good move, Genius; thousands in gold coins; can’t afford to pay; and other highlights of recent tax cases.


Acumatica scores $25M in funding, plans to grow workforce

The money will go to growing its AI, machine learning and cloud capabilities, competing against SAP, Oracle and other business software giants.


Fast-Tracking CAS: Technology tips

Today’s technology gives accountants the ability to advise their clients on an array of business matters far beyond traditional tax or audit services.


KPMG’s audit quality is ‘unacceptable,’ U.K. regulator says

The Financial Reporting Council’s assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.